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tax, irs penalties tax, luxury taxes, marriage license taxes, real estate taxes, i am editing as i go. etc. and etc. why did you include this list of different taxes in your book "freedom manifesto: why free markets are moral and big government isn't"? >> guest: it shows what you call government coercion. the creed of government. that is almost everything you do now, we really don't realize it. what is the first thing you do? you turn on the electricity. you then turn on the water. look at your utility bill. you have a cup of coffee and tea, sales tax, gasoline, go to work and that list doesn't even include the upcoming taxes on medical devices and the obamacare taxes, you could expand that for at least 16 coming that way. the bottom line is everything you do ends up getting taxed in that reduces your capacity to create resources and reduces your freedom. >> host: you also talk about the fact that tax withholding, we never think of that money. >> guest: yes, that came in world war ii. once upon a time, we paid taxes once a year and we made people contents of the income taxable rate. i
tax, irs penalties tax, luxury taxes, marriage license taxes, real estate taxes, i am editing as i go. etc. and etc. why did you include this list of different taxes in your book "freedom manifesto: why free markets are moral and big government isn't"? >> guest: it shows what you call government coercion. the creed of government. that is almost everything you do now, we really don't realize it. what is the first thing you do? you turn on the electricity. you then turn on the...
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i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will add to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes as one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're all with it and they are arithmetic here figure in place in a growing economy over a ten year period it's really going to be about twenty five trillion mitt romney wants to chop twenty percent off that was twenty percent to twenty five five how can mitt romney stand there and say to all of america i'm not in favor of a five trillion dollar tax cut when you just spent a year running around saying i want to twenty percent across the board tax cut all taxes that's five trillion dollars this math is indisputable when are you going to have to love the conservative defend mitt romney here because i re
i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will add to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes as one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're...
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Oct 1, 2012
10/12
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the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for how long and when to get the 0.9% added? >> it is a good question. >> is added after one to $25,000? >> i think it is added after $200,000, or $250,000. i am not sure. right now, the medicare taxes 1.45% on all of your salary income. it would go to 2.35%. >> both sides talk about the $750 billion savings. [laughter] who is right? >> we had both become incredibly frustrated. it has to do with the way this is talked about in washington. it has nothing to do with what real people talk about with real money in their lives. the current projection is medicare spending would increase by hundred
the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates better they got tired of talking about millionaires and billionaires. >> i am spectacular the perplexed by joseph biden. at least the is consistent. this is simply incorrect if the administration believes by raising taxes we can get ourselves into solvency, he is simply incorrect. mitt romney talking about the tax issues how to back out of this situation was awesome. >> i don't know if they believe this helps economically with us verses them redressing the wrongs for those who benefited the most until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for mi
the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates...
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Oct 5, 2012
10/12
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king: the death tax in my view as i long said the cigarette tax on the american dream. when people come to this country, they see the statue of liberty and they know that it's the first generation to be a struggle for them, they want to open the door for the next generation and the next generation. when my great-grandfather came here he had nine children, they brought - sections of land and he wanted all nine children to live on the 160 acres as a family farm and each generation then to grow from there. it didn't work out for him because the stock market crash and 29 but that is the american dream. if you spend a lifetime or maybe even two or three generations building a unit, a unit that may be as a feed lot and a pastor and land in home places and the irs comes in in the death tax and says i've got to have 55% or 35% of the and you have to sell that off it destroys the unit. it's not the sum of the total was worth more than the sum of the parts. it's a direct attack on the american dream and i am for abolishing the tax. [applause] >> moderator: mrs. vilsack we are run
king: the death tax in my view as i long said the cigarette tax on the american dream. when people come to this country, they see the statue of liberty and they know that it's the first generation to be a struggle for them, they want to open the door for the next generation and the next generation. when my great-grandfather came here he had nine children, they brought - sections of land and he wanted all nine children to live on the 160 acres as a family farm and each generation then to grow...
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Oct 7, 2012
10/12
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a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince priebus. i want to talk about the unemployment numbers for september, 7.8%, the lowest since president obama has been in office. he said, you can't turn back now, america is moving in the right direction. has he made a case that we are seeing recovery? >> not at all. first of all, we will let the economists argue over the numbers. i know people are arguing over how you can could have 900,000ions found, a month before the election. i will let them argue about that. if it's all true and it all works out and it's not adjusted downward if a month, i think it's great for the country to see improvement in
a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ ç gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesti
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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Oct 2, 2012
10/12
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corporate tax reforms should pt affect the tax right? by the way, why haven't you talked more in your campaign about the 20% tax cut and the corporate tax cut from 35 to 25%. supply sides have been critical of you and your running mate because you seemed to have back add way from the tax issue which even president obama believes would have stimulate the economy. >> i'm sitting here debating an able congressman. but the fact is, that president ro romney's plan is out there for everyone to see. they are on the record and he will implement for the purpose of creating boe ining growth. it is because you are running to help everybody. everybody that needs to get a job and people are suffering out there. >> what besides taxes. >> what besides taxes? >> give me something else? >> the most important thing is to get the private sector something else. people are on the sls out there. you know what, people have an uncertainty and i don't think we can afford another four years of interrupted jobs. >> president, i'm going to give you the last word. j
corporate tax reforms should pt affect the tax right? by the way, why haven't you talked more in your campaign about the 20% tax cut and the corporate tax cut from 35 to 25%. supply sides have been critical of you and your running mate because you seemed to have back add way from the tax issue which even president obama believes would have stimulate the economy. >> i'm sitting here debating an able congressman. but the fact is, that president ro romney's plan is out there for everyone to...
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Sep 30, 2012
09/12
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credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, because tax credits are temporary and does not encourage investment. >> steve, i want to keep it on the simplification, because that's success i can identify with. i haven't my own taxes in a long time. the reason is, because it's just too complex. i'm not a small business. if i was a small business, i'd have to do devote hundreds of hours of time, a lot of money, to figuring the thing out. >> that's right. the irs has figured out, david, that last year we spent 6.5 billion hours filling out tax forms, the equivalent of 2 1/2 million full-time jobs. it cost the economy $300 billion a year. huge waste of brain power. so yes, tax simplification is absolutely essential. paul ryan, the vice presidential candidate, has an even better plan than
credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, because tax credits are temporary and does not encourage investment. >> steve, i want to keep it on the simplification, because that's success i can identify with. i haven't my own taxes in a long time. the reason is,...
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Sep 30, 2012
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person and a lot of women don't go into the field of tax. so i think it's a whole bunch of issue that is you have to address. certainly we reaching back out and saying i made it so what can i do to help you? it's certainly part of that process. >> or just teaching women to be more aggressive, to be more self congratulatory as a lot of men are. these characteristics that young women just haven't learned yet how to bargain, how to push, how to show themselves, is that part of it? >> the other aspect of this dentate that there were a lot of men trying to justify the discrepancy because of the abilities. women were less skillful in terms of math and sciences and now we see that the problem is the bias of the people doing the hiring. >> including the women. behind the headlines: a new study on bpa - a plastic additive found in some food packaging and many consumer goods. this week researchers reported more compelling evidence that bpa can disrupt women's reproductive system, alter chromosomes and cause birth defects. earlier this year another stu
person and a lot of women don't go into the field of tax. so i think it's a whole bunch of issue that is you have to address. certainly we reaching back out and saying i made it so what can i do to help you? it's certainly part of that process. >> or just teaching women to be more aggressive, to be more self congratulatory as a lot of men are. these characteristics that young women just haven't learned yet how to bargain, how to push, how to show themselves, is that part of it? >>...
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Oct 2, 2012
10/12
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they raise taxes all the time. with a health care raising taxes. we do not have -- we have a theory, very serious spending problem in washington. the more money you give washington, ending more there will spend it. i am not going to be raising taxes on any american a middle of a three. five-year recession. the foremost independent business group says that during the proposals the professor warren was to push will cut seventh hundred thousand jobs nationally -- i am trying to look of the proposals. but they are not going forward. they are talking about closing deductions and loopholes. i have already done that. that is something has to do how middle-class families. for what to do this, we want to do it right. you need to actually put them all on the table and sit down together and truly -- in a truly bipartisan manner. >> to be able to get them there and work with people on both sides of the i will. >> he does not want to talk about that he has signed a right-wing blood never to raise taxes on millionaires and billionaires. that is the grover norqui
they raise taxes all the time. with a health care raising taxes. we do not have -- we have a theory, very serious spending problem in washington. the more money you give washington, ending more there will spend it. i am not going to be raising taxes on any american a middle of a three. five-year recession. the foremost independent business group says that during the proposals the professor warren was to push will cut seventh hundred thousand jobs nationally -- i am trying to look of the...
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Oct 4, 2012
10/12
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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Oct 5, 2012
10/12
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. >> why wouldn't we eliminate tax breaks for corporate jets? my attitude is if you got a corporate jet, can you probably afford to pay full freight, not get a special break for it. >> now watch romney on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is at the fulcrum of both of these issues. if president obama is going back to that 2009 rhetoric, orders for gulf stream jets could be hammered. when you think of big defense programs that could be boosted by a romney presidency, go no further than general dynamics. you can see a real hit to earnings if the budget cuts become a reality. romney is unintentionally green lighting lockheed martin and grumman. now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and te
. >> why wouldn't we eliminate tax breaks for corporate jets? my attitude is if you got a corporate jet, can you probably afford to pay full freight, not get a special break for it. >> now watch romney on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is...
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yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the facts sometimes and it's got him in trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and whether you concentrate more on the style of barmah because that's what he's now got to make up rather than getting too wonky again to sort of pointy headed and academic but term sure there's got to be there's going to be some explaining and also you know the the big difference in. their present facts is that a farmer is still trying to help the less well off and romney is trying to help the better better off that fact needs to be delineated i don't know whether you would agree with that maybe used you all i don't run it as a weighted by romney's you know in his newfound affection for the no i think it's a very good point rachel do you want to ha
yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the facts sometimes and it's got him in trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and whether you concentrate more on the style of barmah...
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policy center explain that look these tax cuts no i'm serious i mean i didn't understand anybody had just me and i wasn't paying twenty percent go ahead well no no well i don't think he really understood the this is the thing or at least he hasn't shown that he does and this is what's confusing to a lot of people who are trying to understand all the bouncing ball and he's talking about basically a twenty percent federal task which he hopes to to make or says he will make revenue neutral by then closing some loopholes and deductions but the biggest deduction i can think of is is maybe mortgage credit and that sort of thing and i don't think you could ever come up with a number of mortgage credit actions that will make up for a twenty percent cut in revenue for the federal government so i think barack obama's trying to get at that equation you saying look the math doesn't work but the problem is that romney said it does you know read it talks about tax policy about like it was just like why don't you get this and the average person might be saying there is where mitt romney actually ha
policy center explain that look these tax cuts no i'm serious i mean i didn't understand anybody had just me and i wasn't paying twenty percent go ahead well no no well i don't think he really understood the this is the thing or at least he hasn't shown that he does and this is what's confusing to a lot of people who are trying to understand all the bouncing ball and he's talking about basically a twenty percent federal task which he hopes to to make or says he will make revenue neutral by then...
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raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> a suspicious package between sixth and seventh streets. the metro station is also closed. we'll have more information on this straight ahead at 5:00. >>> a creative trend is sweeping japan during nap time. thanks to a talented mother's whimsical photos. >> the mother uses a blanket and her sleeping baby as a canvas. with a few simple props like clothes and props and veggies she create as plot about what her child may be dreaming about. they are so popular she's created a book. others are creating their own baby dream art and it has sparked similar efforts across japan. interesting. >> down! no, no, down! >> whoa! she's not having any of it. the black bear met his match when he wandered on to this family's property. the home owner apparently has this
raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> a suspicious package between sixth and seventh streets. the metro station is also closed. we'll have more information on this straight ahead at 5:00. >>> a creative trend is sweeping...
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Sep 30, 2012
09/12
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have thir foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere el
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
SFGTV2: San Francisco Government Television
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Oct 6, 2012
10/12
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making sure the government supports research at the deepest trouble and is providing not just grants but tax credits. the focus on making sure that we're building a culture of innovation. colorado is the last three years when there were no jobs anywhere, more 25-34 year-old came to call rudder than any other state in the country. -- colorado more than any other state in the country. we want to make sure they are employed in innovative companies that have an opportunity for full education and research. there has to be a culture fun -- from the federal grant all the way down in research. they should hammer out what the appropriate compromise is to repatriate all
making sure the government supports research at the deepest trouble and is providing not just grants but tax credits. the focus on making sure that we're building a culture of innovation. colorado is the last three years when there were no jobs anywhere, more 25-34 year-old came to call rudder than any other state in the country. -- colorado more than any other state in the country. we want to make sure they are employed in innovative companies that have an opportunity for full education and...
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well on the tax cut pointed particular i think rachel's point is an interesting one essentially agree with her that voters watching the debate in the moment are not going to be particularly fascinated by the minutiae of tax policy group but what i would say about the printer is that a lot of the time it's actually the post debate discussion that matters a lot and for maine public perceptions of these things and already today we're seeing the obama chair. again really driving hard at that precise point at the point that romney has not and fact really stipulated with great clarity how he will make this measure revenue neutral what loopholes he will close and i think those are the kind of things that the obama campaign is really frankly clinging on to you at the moment in an attempt to make this debate a little bit of an engine for their candidate than it first appeared to be you know david i think was very interesting is that even on the thing you know it's interesting is that the or obama said they wouldn't they wouldn't be beholden to the fact checkers you know do you think they're go
well on the tax cut pointed particular i think rachel's point is an interesting one essentially agree with her that voters watching the debate in the moment are not going to be particularly fascinated by the minutiae of tax policy group but what i would say about the printer is that a lot of the time it's actually the post debate discussion that matters a lot and for maine public perceptions of these things and already today we're seeing the obama chair. again really driving hard at that...
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Oct 3, 2012
10/12
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tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in stone. stocks reacted negitively yesterday on the news. many investors have expected spain to request bailout money in order to push down its high borrowing costs. moodys will release a review of the country's sovereign debt this month. some are predicting spain's rating could be
tax rates. a shocking stat is out about millionaires getting paid unemployment. according to the congressional research service, nearly 2400 millionaires were paid unemployment in 2009. add to that another 954,000 households earning more than $100,000 also taking home unemployment benefits. the numbers include people who were hired for higher-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it...
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so what i do is i bring down the tax rates. >> governor romney's proposal calls for a $5 trillion tax cut. the average middle class family with children would pay about $2,000 more. it is not possible to come up with enough deductions and loopholes that only affect individuals to avoid either raising the deficit or burdening the middle class. it's math. >> reporter: on medicare and social security,one agreement. >> neither the president nor are are i are proposing any changes. >> aarp has said that your plan would weaken medicare, substantially. >> romney fired back a a major debate moment that the president weakened the economy by his focus on health care. >> i don't know how the president could have come into office facing rising unploimt and spending energy and passion fighting for obama care. >> we did work on this alongside working on jobs. this is part of making sure that middle class families are secure in this country. >> a substantial debate. no zingers. i'm steve handles, nbc news, denver. >> as mentioned, we heard a t lo of promises from both candidates. did any resonate wi
so what i do is i bring down the tax rates. >> governor romney's proposal calls for a $5 trillion tax cut. the average middle class family with children would pay about $2,000 more. it is not possible to come up with enough deductions and loopholes that only affect individuals to avoid either raising the deficit or burdening the middle class. it's math. >> reporter: on medicare and social security,one agreement. >> neither the president nor are are i are proposing any changes....
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what's even more interesting is, big bird was mentioned so many more times on twitter, facebook than taxes. >> the good news from all this, people are still watching the debates on television, but now there's another way to connect. companies like united, and we just heard from that track these things think second screen viewing will bring more young people into the fold. fittingly, all of this on a day when facebook announced it's reached 1 billion users. raj, back to you. >> thank you, scott. for more coverage of this debate, go to nbcbayarea.com. we posted the transcripts as well as the analysis from our political experts. next up, the vice presidential debate which is one week from tonight. >> fast talk and lots of money. >>> how the combination is making a difference in the lives of thousands. it's a story that will bay you bay area proud. >>> and puppy love, that stolen puppy is back with its family, we'll tell you where the puppy was found next 37. >>> good afternoon, i'm jeff ranieri, live in san francisco right on the bay, in the epicenter of all the action. we have america's cup
what's even more interesting is, big bird was mentioned so many more times on twitter, facebook than taxes. >> the good news from all this, people are still watching the debates on television, but now there's another way to connect. companies like united, and we just heard from that track these things think second screen viewing will bring more young people into the fold. fittingly, all of this on a day when facebook announced it's reached 1 billion users. raj, back to you. >> thank...